BANKING ANALYTICS

Ranking of the Azerbaijani banking sector (ranking includes the information component of the banking sector, the main events of the world economy, the analytical review of the main indices of the banks which are being ranked)

Quota on sturgeon from Caspian Sea reduced by 8%

The quota on catch of sturgeon from Caspian Sea for 2006 was reduced by 8%. The decision was made at the meeting of the Commission on Caspian Sea Resources in Astana, the Azerbaijani Ecology and Natural Resources Ministry told Trend.

The Ministry noted that the total quota on catch of sturgeon by the Caspian countries for 2006 was reduced by 23.2%. The sides achieved an agreement on quota reduction for 2006 as following: Azerbaijan - 8%, RF - 30.5%, Iran - 16%, Kazakhstan - 12%.

The quota on caviar export was also changed. Russia reduced export from 21 tons to 3.9 tons, Iran - from 60 tons to 51 tons, Kazakhstan - from 15.9 tons to 13.2 tons, Azerbaijan - from 6.7 to 6.5 tons.

The quotas were submitted to the CITES Secretariat, which will make a decision in this regard in early December.